– CONSUMER INFORMATION
This section is used to identify you, and contains personal information such as your name, nickname, address, previous address and place of employment. Previous places of employment may also be included.
As can be seen, it’s not uncommon to have variations or misspellings of your name or other details. Most credit reporting agencies leave these variations to maintain the link between your identity and the credit information.
Having different variations of your name or other details doesn’t hurt your credit score as long as it’s actually your information. Make sure personal information is identifying you and not someone else.
There are five different account types:
|Real Estate:||Primary and secondary mortgages on your home.|
|Revolving:||Accounts comprised of opened terms with varying payments, such as a credit card account or lines of credit.|
|Installment:||Accounts comprised of fixed terms with regular payments, such as a car loan.|
|Other:||Accounts in which the exact category is unknown. This could include 30-day accounts such as an American Express® account.|
|Collection:||Accounts seriously past due including accounts assigned to an attorney, a collection agency or a credit grantor’s internal collection department.|
For each of the account types the following details may be included:
|Count:||Total number of accounts you have in the given category.|
|Balance:||Total amount you owe on all accounts in the category.|
|Payment:||Total minimum monthly payments you must make on all accounts in the category.|
|Current:||Number of accounts in the category that are properly paid.|
|Delinquent:||Number of accounts in the category for which payments are past due.|
|Derogatory:||Number of accounts in the category that negatively impact your credit rating.|
|Unknown:||Number of accounts in the category whose condition was not reported by the credit bureau.|
This section summarizes the total number of accounts you have open, closed, in public records, and the number of inquiries made against your credit report within the past two years. It includes the following details:
|Open Accounts:||Total number of all accounts you have that are open.|
|Closed Accounts:||Total number of all accounts you have that are closed.|
|Public Records:||A count of any public records in your name, and the total amount of money involved for all public records. Public records may include judgments against you in civil actions, state or federal tax liens, and/or bankruptcies.|
|Inquiries:||Total number of inquiries made against your credit report.
An inquiry appears when an organization such as a bank, credit card, lender or even a retail store requests a copy of your credit report, usually when you apply for a loan, credit card, mortgage etc.;
This number reflects how many inquiries were mad on your credit report within the last two years.